Policy choices in an era of intangibles- where to start? - Economic Research Forum (ERF)

Policy choices in an era of intangibles- where to start?

Rohinton P. Medhora

June, 2019


O3. Technological Change, Research and Development, Intellectual Property Rights

Based on the author’s keynote talk at the ERF’s 25th anniversary conference in Kuwait City (March 10-12, 2019), this paper outlines the research and policy dimensions of the fast-rising intangibles economy. The key features of such economic structures are – the centrality of (mostly proprietary) intellectual property; high upfront costs for firms but near-zero marginal costs of production if successful; first-mover advantage especially if backed up by standard-setting; and handsome rewards for strategic behavior. There is no single route to success in such a world; in fact many successful countries have had ex ante daunting challenges not unknown among ERF countries. The ethos that drives the ERF has never been more essential than it is today.


Rohinton P. Medhora

President of the Centre for International Governance Innovation (CIGI)



There are no Events PAST

Related Publications

Working Papers

Global Value Chain Participation and Prospects for Local Upgrading in the Egyptian-Chinese Economic and Trade Cooperation Zone

Safa Joudeh

This paper focuses on the global integration of economic zones for the movement of knowledge ... read more

Working Papers

Sources of Heterogeneity in Labor Productivity and Total Factor Productivity in Egyptian Manufacturing

Abeer Elshennawy and Mohamed Bouaddi

Egypt Ranking in the World Competitiveness Report deteriorated between 2004 and 2017. Boosting competitiveness requires ... read more

Working Papers

Knowledge, Technological Catch-Up and Economic Growth: A Dynamic Panel Data Analysis For MENA and Latin America

Fatma M. Utku-İsmihan

This paper aims to investigate the role of various knowledge indicators (human capital, research and ... read more